NASHVILLE and ARVADA, Colo. — The votes are in and members of both SunCorp and VolCorp have overwhelmingly approved the proposals to merge with WesCorp.
In each case, the approximate approval was 95%.
"The most important benefit is members will gain $6 to $10 million more in hard dollar values under the new corporate," said SunCorp CEO Tom Graham.
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WesCorp expects both deals to be completed by Dec. 31.
WesCorp CEO Bob Siravo said the obvious economies of scale benefits will come into play. He also noted that with the size of WesCorp, it needs multiple contingency locations, and these mergers give it more options.
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